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Morning Market Movers
Monday, July 18, 2011 - 9:56am | 113Pacific Booker Minerals Inc (AMEX: PBM) shares gained 30.57% to $10.25 at 9:50 am. PBM had no debt for the latest quarter. Bacterin International Holdings Inc (AMEX: BONE) climbed 26.29% to $2.93. BONE acquired the assets of Robinson MedSurg LLC. Pharmaceutical Product Development Inc (NASDAQ:...
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Thermo Fisher Scientific Acquires TREK Diagnostic Systems
Monday, July 18, 2011 - 9:00am | 58Thermo Fisher Scientific Inc. (NYSE: TMO) today announced that it has acquired TREK Diagnostic Systems, a global provider of microbiology solutions, including blood culture, microorganism identification and antibiotic susceptibility testing products, from Magellan Biosciences. Based near Cleveland...
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SeraCare Life Sciences Retains Lazard as Advisory Service Provider
Monday, July 18, 2011 - 8:37am | 76SeraCare Life Sciences, Inc. (NASDAQ: SRLS) today announced that the Company has retained Lazard to provide advisory services to the Board of Directors. In addition, the Company announced that it will release third quarter fiscal year 2011 financial results before the U.S. financial markets open...
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AM Movers, Calender For The Week Ahead
Monday, July 18, 2011 - 8:29am | 305AM Movers: Spot Gold Above $1600.00 Spot Silver above $40.00 8:00a (T3) Tim_K: (WBMD) lowers 8:01a (T3) Tim_K: (NKTR) orphan drug status 8:02a (T3) Tim_K: (WBMD) halted as well 8:17a (T3) Tim_K: (BAC) 2 day houly looks like a big cup and hanlde 8:20a (T3) Tim_K: (SNDK) 8:20a (T3) Tim_K: ...
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Jefferies Recommends WuXi PharmaTech
Monday, July 18, 2011 - 7:29am | 123Jefferies & Co. is out with a research report on pharmaceutical services and is recommending WuXi PharmaTech Inc. (NYSE: WX). It has a Buy rating and a $22 price target on shares. In a note to clients, Jefferies & Co. writes, "Pharmaceutical outsourcing stock valuations have held up...
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Citi Provides Color on Medivation
Monday, July 18, 2011 - 6:47am | 222Citi provided color on Medivation (NASDAQ: MDVN). In a research report published today, Citi discussed the impact of the AFFIRM study on the company's performance. In the report, Citi states, “Scenario #1: Interim is Positive — We view this as the most likely scenario with a 75-80% probability...
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Merger Arbitrage Mondays – July 18, 2011
Monday, July 18, 2011 - 6:21am | 4847Merger activity rebounded again with six new deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 125 Total Number of Deals Not...
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Buon Weekend! 07-15-2011
Friday, July 15, 2011 - 5:48pm | 961Cusick's Corner Overall the data and news were not so great today but corporate headlines supported this market. To keep track of this earnings cycle, go to the optionsXpress Research tab and click on the Earnings Calendar to get the listings of stocks coming out with earnings each day next week...
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TGIF 07-15-2011
Friday, July 15, 2011 - 2:36pm | 1032Cusick's Corner Stocks opened higher on positive corporate news while the Consumer Price Index [CPI] for June fell .2 percent which is twice as much as expected. The market averages are pretty flat right now as we wind down to the final hours on Expiration Friday. Google (GOOG) and Mattel (MAT)...
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Market Roundup
Thursday, July 14, 2011 - 10:50am | 209Shares of ICON plc (NASDAQ: ICLR) gained about 0.24% after the company acquired Firecrest Clinical, a market-leading provider of technology solutions that boost investigator site performance and study management. Shares of Fairchild Semiconductor International Inc (NYSE: FCS) surged about 5.5%...
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Illumina Selected as a Preferred Service Provider for Cancer Research UK
Thursday, July 14, 2011 - 9:21am | 77Illumina, Inc. (NASDAQ: ILMN) today announced that the company has been selected as a preferred service provider for Cancer Research UK. Illumina will provide a range of services, beginning with whole human genome sequencing, in support of the International Cancer Genome Consortium. The...
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Thermo Fisher Scientific Elects New Director to Board
Thursday, July 14, 2011 - 8:37am | 120Thermo Fisher Scientific Inc. (NYSE: TMO) today announced that it has elected Lars Rebien Sørensen to its board of directors. Mr. Sørensen's appointment brings the total number of Thermo Fisher board members to 12. Mr. Sørensen has been president and CEO of Novo Nordisk A/S, a global healthcare...
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ICON Acquires Firecrest Clinical; Terms not Disclosed
Thursday, July 14, 2011 - 7:55am | 220ICON plc, (NASDAQ: ICLR) today announced the acquisition of Firecrest Clinical, a market-leading provider of technology solutions that boost investigator site performance and study management. Founded in 2001 and headquartered in Limerick, Ireland, Firecrest Clinical provides a comprehensive site...
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Earnings Scheduled For July 14
Thursday, July 14, 2011 - 2:22am | 232AngioDynamics Inc (NASDAQ: ANGO) is expected to report its Q4 EPS at $0.10 on revenue of $56.96 million. Fairchild Semiconductor International Inc (NYSE: FCS) is estimated to report its Q2 earnings at $0.40 per share on revenue of $430.27 million. Nexen Inc (NYSE: NXY) is projected to report its...
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Kendle International Announces Expiration of Tender Offer and Consent Solicitation for Convertible Notes
Tuesday, July 12, 2011 - 4:27pm | 116Kendle International Inc. (Nasdaq: KNDL) announced today the expiration, as of 8:00 a.m., New York City time, on July 11, 2011 of its previously announced cash tender offer and consent solicitation for any and all of its $142.5 million aggregate principal amount of outstanding 3.375% Convertible...